Scott Milsten Sells 1,442 Shares of e.l.f. Beauty, Inc. (NYSE:ELF) Stock

e.l.f. Beauty, Inc. (NYSE:ELF) insider Scott Milsten sold 1,442 shares of e.l.f. Beauty stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $114.78, for a total value of $165,512.76. Following the completion of the transaction, the insider now directly owns 117,394 shares in the company, valued at approximately $13,474,483.32. This represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Scott Milsten also recently made the following trade(s):

• On Wednesday, June 4th, Scott Milsten sold 11,860 shares of e.l.f. Beauty stock. The stock was sold at an average price of $115.56, for a total value of $1,370,541.60.

e.l.f. Beauty Stock Up 1.2%

Shares of NYSE ELF opened at $117.93 on Wednesday. e.l.f. Beauty, Inc. has a one year low of $49.40 and a one year high of $219.77. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. The business’s fifty day moving average price is $74.61 and its 200-day moving average price is $91.36. The stock has a market capitalization of $6.64 billion, a PE ratio of 69.78, a P/E/G ratio of 6.76 and a beta of 1.52.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. The firm had revenue of $332.65 million for the quarter, compared to analysts’ expectations of $327.45 million. During the same quarter in the prior year, the firm earned $0.53 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on ELF. Raymond James boosted their price target on e.l.f. Beauty from $95.00 to $105.00 and gave the company a “strong-buy” rating in a research note on Thursday, May 29th. Piper Sandler reiterated an “overweight” rating and set a $109.00 price target (up previously from $81.00) on shares of e.l.f. Beauty in a report on Thursday, May 29th. JPMorgan Chase & Co. upped their price target on e.l.f. Beauty from $70.00 to $123.00 and gave the stock an “overweight” rating in a report on Friday, May 30th. Bank of America upped their price objective on e.l.f. Beauty from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, May 21st. Finally, Canaccord Genuity Group set a $114.00 price objective on e.l.f. Beauty in a research note on Thursday, May 29th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.71.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Cim LLC lifted its holdings in e.l.f. Beauty by 6.4% during the 1st quarter. Cim LLC now owns 11,229 shares of the company’s stock worth $705,000 after purchasing an additional 671 shares in the last quarter. Strs Ohio purchased a new stake in e.l.f. Beauty during the 1st quarter worth about $2,103,000. Peloton Wealth Strategists purchased a new stake in e.l.f. Beauty during the 1st quarter worth about $477,000. United Services Automobile Association purchased a new stake in e.l.f. Beauty during the 1st quarter worth about $240,000. Finally, Fred Alger Management LLC purchased a new stake in e.l.f. Beauty during the 1st quarter worth about $3,754,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.